Ashford Hospitality Trust (NYSE:AHT) Shares Cross Above 200-Day Moving Average – Here’s Why

Ashford Hospitality Trust Inc (NYSE:AHT) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.07 and traded as high as $3.14. Ashford Hospitality Trust shares last traded at $3.1350, with a volume of 3,117 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ashford Hospitality Trust currently has an average rating of “Reduce”.

Ashford Hospitality Trust Stock Down 0.2%

The firm has a market cap of $20.28 million, a P/E ratio of -0.09 and a beta of 1.75. The business has a fifty day simple moving average of $3.22 and a 200-day simple moving average of $3.07.

Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Wednesday, August 12th. The real estate investment trust reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of ($6.64) by $8.26. The business had revenue of $273.24 million for the quarter, compared to the consensus estimate of $293.00 million. On average, sell-side analysts anticipate that Ashford Hospitality Trust Inc will post -9.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Ashford Hospitality Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP bought a new position in shares of Ashford Hospitality Trust during the third quarter valued at approximately $103,000. Citadel Advisors LLC bought a new stake in shares of Ashford Hospitality Trust in the 3rd quarter worth approximately $157,000. Susquehanna International Group LLP grew its stake in shares of Ashford Hospitality Trust by 49.2% in the 3rd quarter. Susquehanna International Group LLP now owns 54,574 shares of the real estate investment trust’s stock worth $322,000 after buying an additional 17,991 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ashford Hospitality Trust by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 5,175 shares during the last quarter. Finally, State Street Corp increased its position in Ashford Hospitality Trust by 41.8% during the 4th quarter. State Street Corp now owns 21,360 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 6,300 shares in the last quarter. Hedge funds and other institutional investors own 41.04% of the company’s stock.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc (NYSE: AHT) is a real estate investment trust that acquires, owns and operates upscale and upper-upscale full-service hotels in the United States. The company’s portfolio spans a variety of urban, resort and convention-oriented markets and includes both well-known national brands and independent properties. Ashford Hospitality Trust seeks to generate long-term value through active asset management, strategic acquisitions, dispositions and selective joint venture partnerships.

Founded in 2003 and headquartered in Dallas, Texas, Ashford Hospitality Trust invests in properties affiliated with leading hospitality brands, including Marriott, Hilton, Hyatt and Starwood.